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Compute the size of the equal payments

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Clarkson Developments was supposed to pay Majestic Flooring $2000 sixty days ago and $1800 in thirty days. Majestic Flooring agreed to accept three equal payments due today, 60 days from today and 120 days from today. Compute the size of the equal payments at 10% p.a. Use today as the focal date.

Reference no: EM133019430

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